When you think of top universities, names like Harvard and Yale tend to come to mind. But these colleges, as well as other Ivy Leagues, typically don't even make the top five highest ranked universities in the world.

On the west coast, Stanford University is consistently ranked in the top five, boasting an alumni roster that includes Chelsea Clinton, Yahoo CEO Marissa Mayer and John F Kennedy. Outside the U.S., Oxford University in the U.K. is not only one of the best schools, it's also one of the largest and oldest universities in the world.

China has recently invested a lot of money in improving its universities, and while Beijing's Peking University ranks at number 42 worldwide, it's quite an improvement from years past. Watch the video above to learn more about the best universities in the world.